Charles Schwab

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The Charles Schwab Corporation is a U.S. discount broker that provides financial services to individuals, independent advisors, and companies of various sizes. It has 7 million individual and institutional customers and manages approximately $1.3 trillion. Customers use its services by way of telephone, internet, or visiting offices. It offers private banking, bond trading, annuities, and mutual funds. It also offers mortgages, CDs, and other banking products through its Charles Schwab Bank. In 2006, it had sales of $5 billion and profits of $1.2 billion. [1] [2]

Political contributions

The Charles Schwab political action committee gave $97,500 to federal candidates in the 2006 election - 56% to Democrats and 44% to Republicans. [3] Charles Schwab himself was acknowledged at the privately held Koch seminar in June 2011 in Vail, Colorado for donating at least $1 million to Koch-related causes.

Lobbying

The company spent $1,428,000 for lobbying in 2006. Six lobbying firms were used, including Ernst & Young and Alston & Bird. [4]

Personnel

Key executives and 2006 pay: [5]          Options
exercised
Charles Robert Schwab, Jr., Founder, Chairman and Chief Executive Officer    $5,150,000    $16,950,000
Walter W. Bettinger II, Chief Operating Officer    N/A    N/A
Peter Kevin Scaturro, Executive Vice President    N/A    N/A
Carrie E. Dwyer, Corpoarate Secretary    $1,770,000    $2,130,000

Selected members of the Board of Directors: [6]

Contact details

101 Montgomery Street
San Francisco, CA 94104
Phone: 415-636-7000
Fax: 415-636-9820
Web: http://www.schwab.com

References

  1. Charles Schwab Profile, Hoovers, accessed September 2007.
  2. About page, Charles Schwab, accessed September 2007.
  3. 2006 PAC Summary Data, Open Secrets, accessed September 2007.
  4. Charles Schwab lobbying expenses, Open Secrets, accessed September 2007.
  5. Charles Schwab Key Executives, Yahoo Finance, accessed September 2007.
  6. Board of Directors, Charles Schwab, accessed September 2007.